ACCC doesn't object to proposed BPR increase

The Australian Competition and Consumer Commission has decided to not object to a proposed increase in the Basic Postage Rate from $1.00 to $1.10.The letters service must be self-funding, and not subsidised by revenues from other parts of Australia Post’s business.In the absence of volume growth it is difficult for Australia Post not to seek price increases to offset its growing costs. Other national postal operators have taken different routes to reduce delivery costs, however some of those strategies aren’t available to Australia Post.Concession stamps will continue to be priced at 60 cents, and seasonal greeting card stamps will remain at 65 cents.It is anticipated that the new pricing will come into effect from 2 January 2020.